June 17, 2024
Gold futures settle at a nearly 1-week high after U.S. inflation reading

Gold futures settle at a nearly 1-week high after U.S. inflation reading

Gold futures settled Wednesday at their highest in nearly a week, as the dollar declined on the back of U.S. data showing a smaller-than-expected rise in March consumer prices and a slowdown in the yearly rate of inflation.

Following the session’s settlement, futures prices for the precious metal edged higher in electronic trading following the release of minutes from the March Federal Open Market Committee meeting.

Price action
Market drivers

U.S….

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